Sunday, 28 December 2014
Last updated 3 days ago
Dec 14 2010 | 3:16pm ET
Famed short-seller Jim Chanos has raised $20 million for a new Caymans-based hedge fund, according to regulatory filings. He has also launched an onshore version of the new vehicle, Kriticos—which is Greek for ‘judgment’ or ‘discernment'— although the U.S. version has yet to raise capital.
Both Kriticos International and Kriticos Partners have a $1 million minimum investment requirement. It is not known what strategy the funds will employ, and calls to Chanos’ $3 billion hedge fund firm Kynikos Associates were not returned by press time.
In addition to Chanos, the documents name Brian Nichols, managing director and CFO of Kynikos, as a director of both funds and Martin Lang as a director of the Caymans vehicle.
Chanos, who founded Kynikos in 1985, originally gained notoriety for shorting Enron stock. These days, Chanos is bearish on China, saying that country will be the next investment bubble to burst.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.